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Friday, November 15, 2024

What happened to the median home price in Newcastle during October 2020?

Realestate4

The median sale price of a home sold in October 2020 in Newcastle rose by $74,975 while total sales increased by 60%, according to BlockShopper.com.

In October 2020, there were eight homes sold, with a median sale price of $859,975 - a 9.6% increase over the $785,000 median sale price for the same period of the previous year. There were five homes sold in Newcastle in October 2019.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.8% of the median home sale price for October 2020.

The following table compares Newcastle to other King County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Woodinville (unincorporated)811-27.3%$936,500$823,50013.7%
Snoqualmie8633.3%$922,500$618,74549.1%
Normandy Park103233.3%$912,500$610,00049.6%
Issaquah20195.3%$904,250$817,00010.7%
Kirkland (unincorporated)409344.4%$892,475$718,50024.2%
Newcastle8560%$859,975$785,0009.6%
Issaquah (unincorporated)6520%$842,500$735,00014.6%
Bothell68-25%$840,250$671,00025.2%
Bellevue (unincorporated)51400%$818,000$618,80032.2%
Seattle50130365.3%$802,000$766,0004.7%
Lea Hill (unincorporated)45-20%$800,000$575,00039.1%

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